WEF 2022: Blockchain community breaks stereotypes at Davos

On the 2nd time of Global Blockchain Business Council's (GBBC) Blockchain Central Davos 2022, Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr moderated a sheet treatment focusing connected the absorption that the fiscal manufacture is going. 

Panelists included the co-founder and CEO of Soramitsu, Makoto Takemiya; Treasury enforcement astatine Oesterreichische Nationalbank, Johannes Duong; and main operating serviceman (COO) of Stellar Development Foundation, Jason Chlipala.

The sheet tackled assorted issues specified arsenic educating the mainstream astir blockchain, however blockchain companies are breaking stereotypes astatine the World Economic Forum (WEF) 2022 and existent marketplace issues surrounding cardinal slope integer currencies (CBDCs) and stablecoins.

The communal cognition of WEF is that it’s a gathering of manufacture bigwigs and “financial elites.” However, this year’s WEF has been much breathtaking arsenic “barbarians” stormed in. According to Takemiya, blockchain companies person breached the stereotype. He explained that:

“The stereotype of the WEF is the entrenched fiscal elite that is looking to sphere their wealth. That whitethorn oregon whitethorn not beryllium true. Blockchain companies are the barbarians astatine the gross of the WEF.”

Apart from having a dependable astatine 1 of the biggest gatherings of the fiscal industry, the sheet besides discussed the community’s efforts connected educating the masses connected cryptocurrencies and blockchain. Duong weighed successful connected the topic.

According to Duong, determination are a batch of acquisition concerns successful Austria. However, determination are besides efforts from universities to thatch astir blockchain and crypto. He said that “we person universities providing courses for blockchain assets and are trying to spot it from a neutral position.”

Panelists astatine Blockchain Central Davos 2022. 

Among topics discussed, existent marketplace issues specified arsenic CBDCs and stablecoins person besides surfaced. Chlipala compared the motorboat of Libra, aboriginal renamed Diem, and its interaction connected the speech astir CBDCs with the current concern of Terra and however it volition impact the discussions surrounding stablecoins. He said that:

“This could beryllium the impetus for truly starting to get immoderate regulatory clarity and immoderate concern clarity. I deliberation that leads to trust.”

Meanwhile, successful an interrogation with Cointelegraph during the event, Sheila Warren, CEO of the Crypto Council for Innovation besides shared that contempt the negativity surrounding the market, she remains optimistic and believes successful the aboriginal of blockchain and crypto.

Related: WEF 2022, May 24: Latest updates from the Cointelegraph Davos team

Similarly, the elder vice president (SVP) of Ripple, Brooks Entwistle besides encouraged radical to absorption connected building contempt what seems to beryllium a crypto winter. The Ripple enforcement said that this already happened earlier and that it’s apt to hap again.